Usury Laws

Abstract: This 3 page paper explains and discusses usury laws. There is no federal law specifying maximum interest rates and fees for credit. Congress believed the Truth in Lending Act would provide sufficient protection for debtors. That is not true. This essay reports the number of states with and without usury laws and then provides the maximum legal rates in North Carolina. Bibliography lists 2 sources.

Filename: PGusur.rtf

Pages: 3

Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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